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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 33,685 $ 51,665
Short-term investments 297,502 148,931
Accounts receivable 1,983 1,998
Tax credit receivable 83 83
Prepaid expenses and other current assets 7,058 6,764
Total current assets 340,311 209,441
Property and equipment, net 4,486 4,606
Operating lease right-of-use assets 5,422 6,330
Other non-current assets 394 838
Total assets 350,613 221,215
Current liabilities    
Accounts payable 1,580 2,971
Accrued research and development 11,218 5,868
Accrued and other liabilities 8,658 6,123
Lease liabilities, current 2,457 1,869
Total current liabilities 23,913 16,831
Lease liabilities, non-current 3,429 5,325
Long-term debt 9,929 0
Total liabilities 37,271 22,156
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2022 and 2021; and 48,941,254 and 36,083,301 shares issued and outstanding at December 31, 2022 and 2021, respectively; 5 3
Additional paid-in capital 653,707 414,348
Accumulated deficit (338,412) (215,091)
Accumulated other comprehensive loss (1,958) (201)
Total stockholders’ equity 313,342 199,059
Total liabilities and stockholders’ equity $ 350,613 $ 221,215